Other confirmations in annual return of company having a share capital
37.—(1) An annual return of a company having a share capital lodged with the Registrar under section 197(1) of the Act shall contain —
(a)
a confirmation that an officer of the company has inspected the share register of the company;
(b)
a confirmation as to whether any transfer of ownership of shares in the company has been registered since the date of the last return of the company or, if none had been lodged previously, the date of incorporation of the company; and
(c)
where the company is a private company other than an exempt private company, a confirmation that —
(i)
the company is a private company; and
(ii)
the number of its members is not more than 50.
(2) For the purposes of paragraph (1)(c)(ii), in determining the number of members of a company —
(a)
the joint holders of any shares shall be treated as one person; and
(b)
the following persons shall be disregarded:
(i)
any person in the employment of the company or of its subsidiary; and
(ii)
any person who while previously in the employment of the company or of its subsidiary was and thereafter has continued to be a member of the company.